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The Contracts for Difference (Allocation) Regulations 2014

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8.—(1) Subject to paragraph (2), the Secretary of State may—

(a)amend or add to the provisions of an allocation framework identified in a framework notice; or

(b)subject to paragraph (3), remove the application of an allocation framework to an allocation round.

(2) No amendment, addition or removal under paragraph (1) may be made later than 10 working days before the commencement date of the allocation round.

(3) Where the application of an allocation framework to an allocation round is to be removed, the Secretary of State must—

(a)unless the allocation round is terminated, ensure that another allocation framework applies to the allocation round; and

(b)comply with regulation 7 in respect of that other allocation framework.

(4) The Secretary of State must give a notice (“a framework revision notice”) to the delivery body and the CFD counterparty which states—

(a)the date on which an amendment, addition or removal has effect, which must not be earlier than the date of the notice;

(b)how an allocation framework has been amended or added to; and

(c)where the allocation framework is to apply to more than one allocation round, the allocation round or rounds affected by the amendment, addition or removal.

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